12 March 2013

NIFTY TREND AND OPTION TIPS FOR TOMORROW

Buy Titan future above 245 tg 248.90,251.40 sl 242.20
Buy Nifty 6000 put @90 tg 125,155 sl 69
NIFTY OUTLOOK FOR TOMORROW
It was a volatile Tuesday for the key equity benchmarks. Indices slipped to intra-day lowest level during the afternoon session Nifty dropped to 5,893, after touching a high of 5,952 at the outset The market edged higher amid initial volatility. Key benchmark indices hovered in positive zone in morning trade. Key benchmark indices reversed intraday gains and slipped into the red in mid-morning trade the latest data showed that the consumer price inflation edged up further in February 2013...
The market extended losses to hit fresh intraday low in early afternoon trade. The market weakened again in late trade. In our view, the last session was more like a pause in the overall upswing. Since the upswing is pretty much a vertical journey up. Now The index needs to cross 5970 for a minimum and stay there. In tomorrow’s  session, the first support range is between 5940 and 5920 once this range is broken the next support is at 5910. This is last key support level above the 5900-mark This is capable of holding the index even in case of any major sell-off.
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RESISTANCE:5920 5940, 5960
SUPPORT:     5900, 5880, 5850

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